In a recent interview with CNBC’s “Capital Connection,” Joseph Lubin, co-founder of Ethereum (ETH) and CEO of ConsenSys, expressed his confidence that US regulators will recognize the alignment between decentralized protocols, blockchain technology, and the underlying philosophies that founded the United States.  As the US Securities and Exchange Commission (SEC) engages in legal battles with […]

Xahau, a new smart contract sidechain, is set to launch, and as part of efforts to boost interoperability between the XRP Ledger and Xahau, the Chief Technology Officer of XRPL Labs, Richard AH, has proposed making an amendment to XRPL’s mainnet.  A Reversed Burn2Mint Mechanism In a tweet shared on his X (formerly Twitter) platform, […]

As the debate for implementing crypto regulation continues to surface, Brad Garlinghouse, CEO of Ripple, has recently shared his perspective.  At a recent conference in Singapore, Garlinghouse highlighted the importance of crafting appropriate regulatory frameworks for the crypto industry. The Necessity Of Proper Regulation While appearing at Token 2049 in Singapore, Garlinghouse emphasized the inevitability […]

New York-based blockchain data analytics firm Chainalysis shared insights on its crypto adoption index for 2023 on Tuesday, September 12, 2023, revealing the top countries leading the charge in terms of grassroots cryptocurrency adoption. Leading Countries In Terms Of Grassroot Cryptocurrency Adoption Following an excerpt released by the blockchain data analytics firm Chainalysis on September […]

Layer 2 scaling solution Metis has announced a plan to compensate users affected by last month’s PolyNetwork bridge hack. The project will distribute 117,000 METIS tokens to impacted community members. At the same time, Metis is implementing an enhanced cross-chain architecture using LayerZero’s OFT model. Recapping The PolyNetwork Exploit On July 1st, a hacker exploited […]

On-chain data from Glassnode suggests the role of Bitcoin miners in the asset’s valuation has been going down over the years. Bitcoin Miners’ Issuance Now Only Makes A Small Part Of Daily Realized Value In a new report, the on-chain analytics firm Glassnode has studied the different components that contribute to Bitcoin’s “realized cap.” The […]

The world of trading is faster and more competitive than ever before. With the right tools and technology, traders can react to breaking news and emerging opportunities in an instant.  This is where the PrimeXBT mobile application shines. The PrimeXBT mobile app gives users access to an entire suite of advanced trading tools, competitive advantages, […]

The case against bankrupt crypto lender Celsius took a new turn as one of its former executives came forward. According to a report from Reuters, Roni Cohen-Pavon, ex-Chief Revenue Officer (CRO) at the company, pleaded guilty to criminal charges. Related Reading: NY Attorney General Sues Celsius Co-Founder For Fraud Celsius Former Executive Pleads Guilty, What […]

Banking giant Deutsche Bank has partnered with crypto company Taurus to launch a new custody service for its institutional clients. The bank has been public about its optimistic views on BTC, and the partnership aims to gain a stronger foothold in the nascent sector. Related Reading: Bitcoin Advantage: How It Stands Out Amidst Rising Interest […]

The case against bankrupt crypto lender Celsius took a new turn as one of its former executives came forward. According to a report from Reuters, Roni Cohen-Pavon, ex-Chief Revenue Officer (CRO) at the company, pleaded guilty to criminal charges. Related Reading: NY Attorney General Sues Celsius Co-Founder For Fraud Celsius Former Executive Pleads Guilty, What […]

The Shiba Inu price, like the rest of the crypto market, has had a hard go at it over the last few months. This has seen the meme coin’s price fall to levels that have not been recorded since June. Naturally, this has led to skepticism about the cryptocurrency and its ability to perform. However, […]

Bitcoin (BTC) made a notable move on Thursday morning, surging above the crucial $26,000 support level. This rally came on the heels of the release of the US consumer price index (CPI) on Wednesday, which revealed an acceleration in the annual inflation rate for August.  As concerns over rising inflation grip the market, Bitcoin appears […]

The unveiling of Telegram’s self-custodial wallet on The Open Network (TON) blockchain has been met with a mix of anticipation and caution. While the wallet promises to revolutionize how over 800 million users manage their digital assets, blockchain security firm Certik has issued a stark warning about the potential risks associated with Telegram bot tokens. […]

In the latest development in the ongoing legal saga between Binance and the US Securities and Exchange Commission (SEC), Magistrate Judge Zia M. Faruqui has set a hearing date for two pivotal motions. The hearing, scheduled for September 18, 2023, at 1:00 PM ET, will address Motion 95, the Protective Order, and Motion 102, which […]

Singapore’s central bank, the Monetary Authority of Singapore (MAS), has now issued long-term prohibition orders against Zhu Su and Kyle Davies, founders of the now-bankrupt crypto hedge fund Three Arrows Capital (3AC). Singapore’s MAS Bans 3AC Founders From Business Activities On Thursday, September 14, the Monetary Authority of Singapore disclosed in a statement that it […]

Yesterday, September 13, the US Securities and Exchange Commission (SEC) charged Stoner Cats 2 LLC for conducting an unregistered offering of crypto asset securities. The offering, in the form of non-fungible tokens (NFTs), raised approximately $8 million to finance an animated web series called Stoner Cats. The SEC’s latest action has drawn sharp criticism from […]

In a significant development for the cryptocurrency market, the bankrupt exchange FTX has received court approval to liquidate its crypto assets worth over $3.4 billion. The decision, delivered by Judge John Dorsey, overruled objections and permitted FTX to proceed with selling, staking, and hedging its holdings.  The exchange had submitted a filing in August, arguing […]

Cryptocurrency exchange Huobi celebrates its anniversary on the 13th of September every year, and it is doing so with a contentious marketing move in 2023. The company was launched 10 years ago, and to commemorate the occasion, the company changed its name from “Huobi” to “HTX,” similar to the now-defunct exchange FTX. Huobi Changes Exchange […]

Brazilian asset manager Hashdex has filed with the US Securities and Exchange Commission (SEC) to offer an Ethereum exchange-traded fund (ETF) comprising futures and spot Ether contracts.  Known as the Hasdex Nasdaq Ethereum ETF, the application for this investment fund was submitted by the Nasdaq stock exchange and, upon approval, will be managed by Toroso […]

With his trial scheduled for less than a month from now, Sam Bankman-Fried (SBF), founder and former CEO of the failed FTX crypto exchange, is scrambling to get as much out of the judge as possible. This time around, SBF is looking toward getting released ahead of his trial, but it seems the court is […]

In a recent press conference on Central Bank digital currencies (CBDCs) and crypto, Congressman Tom Emmer, the US House Majority Whip and prominent Republican discussed the House Republicans’ commitment to delivering on promises made to the American people.  One key aspect outlined by Emmer is the protection of economic freedom, which has led to the […]